Top Welcome, MN Mortgage Lenders

RankWelcome Mortgage LenderWelcome Home Loans ProcessedWelcome Home Loans ApprovedWelcome Home Loans DeniedWelcome Mortgage Median Loan to Income Ratio (LTR) for Approved LoansWelcome Mortgage Median LTR for Denied Loans
1Wells Fargo Bank 1,070 59%19%
  • 172%
  • (188,000 Loan / $109,000 Income)
  • 156%
  • (39,000 Loan / $25,000 Income)
2Jpmorgan Chase Bank 330 80%16%
  • 218%
  • (59,000 / $27,000)
  • 192%
  • (104,000 / $54,000)
3Agstar Financial Services 261 65%6%
  • 194%
  • (136,000 / $70,000)
  • 305%
  • (208,000 / $68,000)
4Genworth Mortgage Insurance Co 248 52%3%
  • 204%
  • (149,000 / $73,000)
  • 193%
  • (62,000 / $32,000)
5Countrywide Bank Fsb 226 72%18%
  • 218%
  • (118,000 / $54,000)
  • 245%
  • (194,000 / $79,000)
6Roundbank 217 84%5%
  • 109%
  • (35,000 / $32,000)
  • 203%
  • (134,000 / $66,000)
7Citimortgage 211 83%7%
  • 222%
  • (100,000 / $45,000)
  • 240%
  • (77,000 / $32,000)
8Mortgage Guaranty Insurance Co 197 62%11%
  • 192%
  • (102,000 / $53,000)
  • 238%
  • (119,000 / $50,000)
9Beneficial Company Llc 194 4%78%
  • 175%
  • (121,000 / $69,000)
  • 208%
  • (125,000 / $60,000)
10Friend Bank 188 89%5%
  • 98%
  • (282,000 / $285,000)
  • 173%
  • (99,000 / $57,000)
11Us Bank 136 79%9%
  • 200%
  • (132,000 / $66,000)
  • 342%
  • (120,000 / $35,000)
12Affinity Plus Federal Credit U 134 61%7%
  • 76%
  • (88,000 / $115,000)
  • 210%
  • (97,000 / $46,000)
13Hometown Bank 128 90%8%
  • 132%
  • (65,000 / $49,000)
  • 181%
  • (40,000 / $22,000)
14Countrywide Home Loans 128 82%10%
  • 193%
  • (251,000 / $130,000)
  • 233%
  • (133,000 / $57,000)
15Embrace Home Loans, 118 6%41%
  • 225%
  • (124,000 / $55,000)
  • 220%
  • (209,000 / $95,000)
16Bank Of America 118 75%16%
  • 222%
  • (118,000 / $53,000)
  • 243%
  • (78,000 / $32,000)
17Wells Fargo Fin'l Minnesota 109 17%57%
  • 249%
  • (217,000 / $87,000)
  • 167%
  • (62,000 / $37,000)
18Merchants Bank 99 79%8%
  • 193%
  • (178,000 / $92,000)
  • 239%
  • (134,000 / $56,000)
19Citifinancial Services Inc 97 41%41%
  • 181%
  • (20,000 / $11,000)
  • 100%
  • (25,000 / $25,000)
20Wells Federal Bank 96 43%20%
  • 225%
  • (160,000 / $71,000)
  • 214%
  • (75,000 / $35,000)

Welcome, MN Mortgage Home Loan Summary Data & Statistics

  1. Loan Applications Processed: 8,053
  2. Loan Applications Denied: 1,610
  3. % of Loan Applications Denied: 19
  4. # of Loan Originations: 4,972
  5. % of Loan Applications Originated 61

Welcome, MN Home Loan Application Denied Reasons

Denied Reason % of All Denied Applications
Credit history10
Collateral8
Debt-to-income ratio6
Credit application incomplete2
Unverifiable information1

Welcome, MN Mortgage Loans Processed & Denied Applications by Loan Amount

Loan Amount Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,0003,797 6121
$100,000 - $300,0004,008 6018
$300,000 - $500,000227 5917
$500,000 - $1,000,00016 810
$1,000,000 - $1,500,0003 1000
$1,500,000 - $2,000,0001 1000
> $2,000,0001 0100

Welcome, MN Home Loans Processed & Denied Applications by Income Level

Income Levels Category Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
$0 - $100,0006,921 6021
$100,000 - $300,0001,026 7013
$300,000 - $500,00059 7310
$500,000 - $1,000,00039 6325
$1,000,000 - $1,500,0004 5050
$1,500,000 - $2,000,0002 500
> $2,000,0002 1000

Loan to Income Ratios Research for Mortgage in Welcome, MN

Loan to Income Ratio (Loan Amount as a Percentage of Income Levels) Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
0 - 30%40266 19
30 - 60%62962 21
60 - 100%78265 17
100 - 200%2,55464 17
200 - 300%2,04061 19
300 - 400%99755 22
> 400%64946 30

Welcome, MN Home Owner Occupancy Type Mortgage Data

Owner Occupancy Name Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
Owner-Occupied As A Principal Dwelling7,456 6120
Not Owner-Occupied As A Principal Dwelling545 7116
Not Applicable17 820

Home Owner Property Type Statistics in Welcome, MN for Home Loans

Property Type Name Number of Loan Applications Processed % of Loans Originated % of Loan Applications Denied
One-To-Four Family Dwelling (Other Than Manufactured Housing)7,031 6121
One To Four-Family768 675
Manufactured Housing254 5924
More Welcome, MN Mortgage Research: